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Fuel management system: Using telematics to manage your fuel consumption

Managing a fleet is a challenging job - you need to take care of insurance, vehicle maintenance, and compliance with government regulations. Yet, one of the largest challenges is monitoring your fuel consumption and fuel costs. Generally, 24% of every cost related to your fleet is fuel-driven. Often, fleet managers must deal with fuel theft, inefficient driving habits, variable fuel rates, and fluctuating transport regulations.

However, to combat this aspect, you can use fuel management systems that use telematics solutions to provide valuable insights into your fuel spending in order to optimize your consumption.

You can request a demo here.

What are the benefits of an efficient fuel management system?

Refuelled machines on a construction site

A great advantage of a fuel management system is cost savings. With improved efficiency through fuel management, you free up resources and capital, which you can use for investments in new fleet technologies. Even smaller savings made across your entire fleet can provide larger fleet-wide improvements in the future.

Here are three ways a proper fuel management system can help your business increase its efficiency while reducing costs:

  • Enhanced fuel efficiency: It is important to track and monitor fuel usage efficiently as a fleet manager. A good fuel management system provides reliable data to show exactly how much fuel the driver and his vehicle are using at any given time. With a fuel management system, your business will benefit from improved fuel efficiency, which helps prevent fuel waste and improve your business’s bottom line. Furthermore, suppose you track vehicle maintenance and driver routes. In that case, you can utilize the data to make more cost-effective decisions - such as implementing more efficient driving routes for your drivers and encouraging better driver behavior. Both options will improve your overall fuel efficiency. Fuel management allows you to maintain, control, and monitor your fuel consumption. Typically, fuel management systems are used in both the construction and transportation industries.
  • Proactive vehicle maintenance improves fuel usage: It can be challenging to rely on drivers to track their vehicle’s maintenance and address any issues on the road as they arise. Yet, you can optimize your maintenance schedules with proper fleet management solutions. When vehicles are working at optimal performance, it reduces fuel consumption. For example, real-time diagnostic alerts allow you to receive notifications of engine fault codes. With regular engine maintenance, you can keep your fleet’s performance up to date. As a result, cleaned and supported engines run more efficiently while requiring less maintenance.
  • Decreasing fuel waste by preventing fuel theft: Fuel theft is also another expense that you must consider. However, a fuel management system can also help you minimize theft. Fuel skimming can occur when drivers or thieves replace card readers at gas stations with a skimmer that captures cardholder data. Fleet management solutions help combat this problem with real-time GPS tracking. A vehicle’s location can be tracked at all times, allowing you to compare vehicles’ locations to the locations of gas purchases.

 

Manage your fuel consumption with Trackunit

 

Overall, fuel can be a considerable expense that affects your bottom line. Multiple data points and alerts can help you know when your machine needs to be fuelled with telematics. These data points can also improve your fuelling strategy.

By implementing telematics on your fleet and using software to leverage the collected data, you can make your fuel inventory and consumption more efficient and effective. All non-productive hours translate into a lot of wasted fuel and increased emissions.

With the use of connected telematics devices, you can monitor and track your fleet performance and the status of fleet vehicles in real-time. This means that you can manage important information such as vehicle breakdown information and identify inappropriate fuel consumption and lifecycle system changes with your digital fleet management systems.

Get in contact with Trackunit here.

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